Papua New Guinea-focused Oil Search Ltd said on Wednesday it expects 2021 to be another challenging year and forecast lower annual output due to planned maintenance activity at the PNG liquefied natural gas (LNG) plant.The Australia-listed company said it expects annual production of between 25…
Dutch offshore services firm Fugro and Japan's NYK have, through a recently signed partnership, signed a strategic Memorandum of Understanding (MOU) with Japanese geoscience specialist OYO Corporation (OYO).To remind, Fugro and NYK in November…
Airswift, a workforce provider for the energy, process, and infrastructure sectors, has formed a joint venture (JV) with energy consultancy, EPI Group, to target renewable energy services projects within the Asia Pacific (APAC) region.Under the agreement…
Premier Oil has completed a farm down of interest in the Tuna production sharing contract (PSC), offshore Indonesia to Russia's Zarubezhneft. The UK-based company that will soon merge with rival Chrysaor, said Tuesday the transaction completion came after receipt of Indonesian government approval…
The world’s first 100,000-ton deepwater semi-submersible production and storage platform, which is built to ABS Class, has been launched in China.China National Offshore Oil Corporation (CNOOC) will now begin installation and commissioning on the China-built platform - named “Deep Sea No…
Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday.The move…
Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt. Mubadala said Thursday that Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, had signed the concession agreement…
Malaysian oil firm Petronas Carigali has extended a subsea inspection services contract with Tanjung Offshore, a subsidiary of T7 Global.T7 Global said Tuesday that the contract extension, signed in December, was for the provision of underwater inspection services using mini-ROV…
China's refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.Annual throughput stood at 674…
The Trump administration added China’s CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. President-elect Joe Biden takes office…
Wave energy converter developer Bombora has entered into an agreement with Japan's Mitsui O.S.K. Lines (MOL) to identify wave energy potential in Japan and across the region.MOL has recently said it has completed a detailed internal technical review of Bombora’s mWave wave energy converter…
Shell's Malaysian subsidiary Sarawak Shell Berhad has extended the contract with Malaysian offshore vessel owner Dayang Enterprise for the use of the Dayang Opal accommodation workboat.The value of the contract is based on work orders issued…
Freezing temperatures across Asia and Europe are driving liquefied natural gas (LNG) prices to record highs and pushing up the cost of shipping the fuel globally as buyers grapple with tight inventories and a shortage of tankers.Demand for super…
International offshore wind consultancy firm OWC has appointed Tom Whittle to its newly created role of Asia Pacific regional director.In 2018, OWC, an independent consultant offering project development services, owner’s engineering and technical due diligence to the offshore renewables sector…
Offshore oil and gas services company McDermott recently completed work on an offshore field development project in India, operated by Reliance Industries, and made it ready for start-up.The project, in the Krishna Godavari Basin, located off the east coast of India…
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